Once your mainland company is established you must ensure all shareholders, directors, the General Manager, and employees are aware of and abiding by UAE Commercial Companies Law and conforming to best business practices. Set out below are some of the main dos and don’ts that a mainland company should follow.
What is an onshore / mainland company?
Mainland companies are those entities which are registered under the Federal Law No. 2 of 2015 Commercial Companies Law. Some of the basic characteristics of a mainland company are:
- The establishment is registered by the Department of Economic Development of a particular Emirate.
- A mainland commercial Limited Liability Company requires at least 51% of the shares held by a UAE national or a wholly owned Emirati company which provides nominee services.
- A mainland professional license company must have a national service agent.
- There must be a minimum of two shareholders and a maximum of fifty shareholders (exceptions for a sole establishment company structure).
- A company must have between one and five directors.